MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Putin To Visit China 16-17 May

CHINA-RUSSIA
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEmerging Market NewsPolitical Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

(MNI) London - The Chinese Foreign Ministry has confirmedthat Russian President Vladimir Putin will visit the country from 16-17 May, marking Putin's first overseas trip since his inauguration for another six-year term in office earlier in May. Russian state-run media reports that Putin and his Chinese counterpart Xi Jinping will hold talks followed by the signing of 'some documents'. Putin will visit the cities of Beijing and Harbin on his trip, where he will also hold talks with Premier Li Qiang to discuss cooperation in the economic and humanitarian fields.

  • Maintaining strong diplomatic and economic links with China is absolutely crucial for keeping the Russian war machine running. Indeed, even the recent replacement of Defence Minister Sergei Shoigu with Andrei Belousov has been noted in its context of China relations, with the FT calling the new minister "an economist with deep ties to the Chinese leadership."
  • China's position as a source for dual-use goods for use in the Russian war economy, to its role in de-dollarising the Kremlin's financial system and shifting reliance on the US dollar and the euro to the renminbi.
  • The Chinese gov't continues to deal with entreaties from the West calling for Beijing to draw back its 'no limits partnership' with Russia. The substantial decline in Chinese exports to Russia (down 16% y-o-y in March and 14% y-o-y in April) could hint at this strategy beginning to bear fruit.
233 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

(MNI) London - The Chinese Foreign Ministry has confirmedthat Russian President Vladimir Putin will visit the country from 16-17 May, marking Putin's first overseas trip since his inauguration for another six-year term in office earlier in May. Russian state-run media reports that Putin and his Chinese counterpart Xi Jinping will hold talks followed by the signing of 'some documents'. Putin will visit the cities of Beijing and Harbin on his trip, where he will also hold talks with Premier Li Qiang to discuss cooperation in the economic and humanitarian fields.

  • Maintaining strong diplomatic and economic links with China is absolutely crucial for keeping the Russian war machine running. Indeed, even the recent replacement of Defence Minister Sergei Shoigu with Andrei Belousov has been noted in its context of China relations, with the FT calling the new minister "an economist with deep ties to the Chinese leadership."
  • China's position as a source for dual-use goods for use in the Russian war economy, to its role in de-dollarising the Kremlin's financial system and shifting reliance on the US dollar and the euro to the renminbi.
  • The Chinese gov't continues to deal with entreaties from the West calling for Beijing to draw back its 'no limits partnership' with Russia. The substantial decline in Chinese exports to Russia (down 16% y-o-y in March and 14% y-o-y in April) could hint at this strategy beginning to bear fruit.